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I just love this guy–always delivers an end of the world scenario

Posted by Richard640 @ 8:26 on October 20, 2019  

Von Greyerz: The Problem Is The Economy, Stupid! Not The Climate


Below I outline a potential scenario for the next 5-10 years:

BIGGEST ECONOMIC DISASTER IN HISTORY
The world is heading for an economic disaster of a magnitude that is much greater than the 1930s depression. There is really nothing to compare with in history since the world has never been in a similar situation before when every single major economy is at risk.

GLOBAL DEBT WILL KILL THE WORLD ECONOMY
Never before in history have all major countries lived above their means for such an extended period. And never before has global debt been almost 4X global GDP.

zerohedge.com

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.